Perhaps no bottom, because Management does not believe
I feel that management's and insider's desire to sell, and continued plans to do so shows management's lack of faith. If they were confident of their ability to execute, they would stand with the rest of shareholders and say they are suspending all sales rather than accept 50 cents on the dollar. The fact that their plan is to continue to sell lots of shares (though they have cut back some), indicates a lack of conviction.
Somebody convince me why this can't drop below 5, at which point institutions are forced out, and this stock is done.
I want to believe, but management and the tape are telling a different story.
Seems to be no bottom.
Sentiment: Hold